Are you thinking of renting a car for the short term? It is becoming a common phenomenon across the United States. There are various reasons why a growing number of people prefer to opt for a month to month car rental rather than purchasing a vehicle outright. Let us consider some of these and find out why so many people like monthly car rentals.
Reasons for renting a car on a monthly basis
Renting a car is convenient
Convenience is a principal factor for preferring to rent. Perhaps your job requires you to move often, or you are in town only for a specified period. Or maybe you don’t need to commute by car as much every day. In such situations, when you don’t expect to use the vehicle long term, it doesn’t make sense to deal with the financial hassle of buying it. Renting is a better choice. Just get the car you want, and use it when you need it and for as long as you need it.
Renting a car is quicker
As long as you have a valid, state-issued driver’s license and a decent credit score, you can rent a car more or less immediately. For many agencies, the driver’s license will suffice as identity proof. Others, however, might require a utility bill, a bank statement, and income proof in the form of a pay stub or an income tax return. Once they are satisfied, they will let you drive the car off the lot, or they will agree to drop it off at no extra charge at your residence.
Renting a car is affordable
Purchasing a car is a significant investment, and with rising car prices, it is not something that everyone can or wants to undertake. After all, you must make a substantial down payment on the vehicle at the start and pay insurance, taxes, and assorted expenses. You must also keep up with the regular monthly payments until you have paid off the loan you took for the vehicle’s retail price, along with interest on it. Compare that to paying zero down payment on a rented car.
To be clear, some agencies might require a hefty down payment if you are renting a very high-end car. However, the large down payment will translate to lower monthly fees. The fixed monthly rental amount will depend on the car model and will cover the vehicle cost, insurance, routine maintenance, repairs, roadside assistance, and so on.
Renting a car offers you more vehicle choices
Your obligations, budget, and credit situation might make it difficult for you to buy the high-priced vehicle you want. However, acquiring it with a month to month car rental could still be possible. You can also rent one car model for a month and then switch to another model the following month. As long as your documents and finances are in good order for leasing and you handle their vehicles responsibly, the auto rental agencies will let you try out all the cars in their for-lease inventory.
Renting a car is less stressful
You can rent a car in any city and state in the United States, book and pay for it online, and extend the rental for as long as you want. You don’t have to worry about the car depreciating in the coming months. At the end of the car rental, you can return it to the auto rental agency, and that’s the end of your role in the transaction. During the lease period, if the car warranty covers it, the agency will provide maintenance and other services. It won’t set you back financially.
Renting a car comes with chauffeured options
Do you dislike driving, or are unable to do it for several reasons? You can ask the auto rental agency to recommend or provide a reliable chauffeur to ferry you around. It will be an additional expense, but it will be worth it, especially if you are new in town, are unfamiliar with the streets, and don’t want to deal with difficult traffic situations. Let the professional chauffeur handle the car and expertly navigate the traffic while you sit back and relax and enjoy your month to month rental.
